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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Monday, May 11, 2009

Revenues Slide At Nortel

Blaming its filings for creditor protection and the economic downturn, Nortel Networks said that its revenue in the first quarter of 2009 fell 29% year-on-year, stripping out the impact of currency fluctuations, to 1.73 billion US dollars.

Nortel said that R&D expenses were 341 million dollars in the first quarter of 2009, compared to 420 million for the first quarter of 2008. source: Nortel statement
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